"In A Time Of Universal Deceit, Telling The Truth Becomes A Revolutionary Act" - George Orwell, Author
.....
"All Truth Passes Through Three stages. First: It Is Ridiculed, Second: It Is Violently Opposed, And Third: It Is
Accepted As Self-Evident" – Arthur Schopenhauer, Philosopher

Thursday, May 22, 2014

America Is Finished: The Slow And Humiliating Death Of The US Dollar

I have been reading the startling reports over the last while of China and Russia's agreement to end their international trade using the US Dollar and instead use their own currencies for trade and commerce... And it seems that other BRICS nations will follow the Russian/Chinese lead and do all of their trading in currencies other than the US dollar as well. This is an unmitigated disaster for the United States and could indeed spell the end of the US dollar as the world's one and only international trading currency since the days of the Bretton Woods agreements of 1944.

How bad is it for the future of the US dollar and the US economy as a whole? To help answer that question I want to turn to a very interesting and informative article that comes from the FTM Daily online news site, at www.ftmdaily.com. This article is entitled: "The Slow And Humiliating Death Of The US Dollar", and is a must read by everyone, especially in the United States itself, in understanding the consequences of the moves by nations to no longer trade in US dollars, and what the US may be insane enough to do to counter these moves...I have that article right here, and of course my own thoughts and comments to follow:

The Slow and Humiliating Death of the U.S. Dollar

‘BEGINNING OF THE END’

The Slow Humiliating Death of the U.S. Dollar

FTMDaily.com – The U.S. dollar is on the ropes.

Since the creation of the Federal Reserve in 1913, the value of the
U.S. dollar has plummeted by over 90%.

And based upon global economic
developments, it is not a stretch to say that we are now witnessing the
“beginning of the end” for the U.S. dollar. Although I have been
proclaiming this message of the dollar’s demise for many years, it has
never appeared more inevitable than now.

The new financial and banking integration that is taking hold between the governments and economies of Russia and China is the most serious challenge
to face the U.S. dollar since it officially became the world’s reserve
currency in 1944 at the signing of the Bretton Woods agreement.

In the post-World War II era, the U.S. economy became great through
the exorbitant privilege of holding the world’s reserve currency.

America’s economic hegemony
was severely tested in the late-1960′s and the early 1970′s as foreign
leaders grew anxious over Washington’s reckless overspending — and thus,
its devaluation of its own currency. By the summer of 1971, the Bretton
Woods system had completely broken down. Fortunately for America, the
Nixon administration had a “PLAN B,” which would become known as the
petrodollar system. I have written extensively on this topic.

Despite the wild success of this global “dollars for oil” system, the
unsustainability of this system is becoming increasingly apparent.

Throughout history, world reserve currencies tend to die slow and
painful deaths. For example, as America’s economy rose to eclipse that
of the British empire, the pain was not just financial, but also
emotional. British pride faded as the torch of empire was passed from
Great Britain to America.

So too, the American empire has entered its twilight years.
Rising superpowers across Asia — and throughout Europe — are not
satisfied to simply level the playing field of the global economy. Like
all rational economic actors, they desire “the scales to be tipped in
their favor.”

In yesterday’s Briefing,
I stated my belief that the world is heading quickly towards a time of
cataclysmic warfare. My view is rooted in America’s own history of
launching wars in an effort to force its economic will upon other
nations. Put simply, the U.S. will use all of its strength to prevent
the dollar from being diminished in global trade.

But America’s resistance to the evolving global economy is futile.
Empires rise and empires fall. And the greater the empire, the greater
its fall. In America’s case, the fall will be particularly great due to
its sheer size and influence.

Today, a growing list of nations has grown impatient with
Washington’s economic shenanigans and its aggressive military posture.
In addition, many nations are growing increasingly agitated by America’s
snooping operations and intrusive surveillance methods.

Our nation is in deep trouble…
Our economy is in shambles…
Our currency is overinflated…
Our leaders are weak and indecisive…
Our “allies” are questioning our reliability…
And “enemies” are plotting our economic demise…Put simply, these are the twilight hours of the American empire. Until tomorrow,

Jerry Robinson

NTS Notes: I could not agree more with the assertion that the US is actually insane enough to contemplate total world war, even nuclear war, to keep their failing dollar as the world's only international trading currency.

We have seen already the consequences of nations that dared to try to trade in currency other than US dollars... Saddam Hussein was moving rapidly to move Iraq away from US dollars and start its international trade in Euros back in 2001, and lo and behold the US invaded that nation in 2003 and forced Iraq back onto US dollars as a result.... And we have Muhammar Gadaffi and his push to trade in gold backed Dinars starting in 2010... The US and their cronies in NATO put an end to Gadaffi's dream by destroying his nation in 2011 and forcing Libya back onto the US dollar as a result....

But now with both Russia and China moving away from US dollars in their international trade, is the US insane enough to go to war against these nuclear powered giants? The answer sadly is .... Yes.... We have been watching all the rising rhetoric of anti-Russia propaganda in all the lying media, and it does appear this is being done to groom the American public into accepting war with Russia as being "unavoidable"....

The fact is that the US is responsible for the US dollar's destruction by allowing criminal Jewish bankers to seize control of the nation's monetary system by the introduction of the most evil fractional Usury "Federal Reserve" system back in 1913.... With that criminal act, the US automatically started itself on the road of unending debt load that now has the nation at the point that it can no longer pay off its debt and would have collapsed a long time ago if not for first the Bretton Woods agreements, and the subsequent and equally criminal Petro-dollar schemes....

Is there a solution? The answer has always been YES... The US must immediately end the power of the Federal Reserve, end its debt immediately (debt is artificial and can be eliminated by just the stroke of a pen), and start printing all of its currency debt free and totally under the control of the US government itself. But the US federal government will NOT end the Fed, because most of the criminals in that government are controlled by the criminals who run the Fed itself...... The people of the United States are the only ones who can end this madness by taking back control of their own government from these criminals... Time is indeed running short, and without any action, the US will either collapse, or it will indeed be the catalyst for a new world war that will cost the lives of billions.

The Best Sites Exposing The Truth About Israel's 9:11 Attacks On America

Best Sites For Exposing The Apollo Moon Landings Hoax!

Fair Use Notice

Fair Use Notice

§ 107. Limitations on exclusive rights: Fair use40 Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include — (1) the purpose and character of the use, including whether such use is of a commercial nature or is for nonprofit educational purposes; (2) the nature of the copyrighted work; (3) the amount and substantiality of the portion used in relation to the copyrighted work as a whole; and (4) the effect of the use upon the potential market for or value of the copyrighted work. The fact that a work is unpublished shall not itself bar a finding of fair use if such finding is made upon consideration of all the above factors.

About Myself

Canadian male, age 57..(Hard to believe I am that old..)
Sickened by the lies of history, and how our education system has ruined and failed our childrens' minds, I decided it was time to take a stand and put up real articles of truthful information.
Willing to fight to see truth come out, and to have the true criminals on our planet exposed for their crimes against humanity.
I am in this for the truth and where ever the truth leads me!
********************************************************
Northerntruthseeker is fully responsible for all content in this blog. If any errors or omissions are deemed necessary for correction of material, it will be placed into the articles affected, and notice will be put up for all readers. Northerntruthseeker will never accept money, personal gifts, or any threats, given for any material posted in this blog.
The information articles in this blog are free for everyone to take and spread to others.
In these times of uncertainty, people deserve the truth no matter how harsh it may be!